Atento raises $40 million in new financing
NEW YORK, UNITED STATES — Atento, one of the world’s largest business process outsourcing (BPO) service providers, announced it has secured additional financing from existing investors.
The new financing will provide Atento with additional operating liquidity and financial flexibility in the coming months, subject to the fulfillment of customary conditions precedent, including certain third-party consents.
Upon completion, Atento aims to pay its coupon payment obligations under its senior secured notes due 2026 and all associated hedge payments.
Further details of the transaction, including copies of relevant agreements, will be disclosed in the coming days.
Atento employs approximately 135,000 people across 16 countries and has over 400 blue-chip clients in various industries.
Its clients are predominantly leading multinational corporations in telecommunications, banking and financial services, health, retail, and public administration, among others.
Demonstrating its capability as a top outsourcing partner to clients, Atento ranked 28th on the Time Doctor OA500, an index of the world’s top 500 outsourcing firms and a vital tool in assisting the BPO decision-making community.
